Neo Heat pump

What Neo Heat pump does

Sai Heating And Cooling Solutions, operating under the brand Neo Heat Pump, is a Bengaluru-based proprietorship firm that manufactures heat pump-based water heating, pool heating, and industrial/commercial drying equipment. Established in 2017, the company designs and builds products using the reversed Carnot cycle principle, transferring ambient heat via liquid refrigerant, compression, and tube-in-tube heat exchangers to deliver 70-80% energy savings versus conventional electric resistance or diesel heating. The portfolio spans domestic water heaters (100L units), commercial systems (250-2000 LPH), industrial heat pump water heaters (up to 1200 LPH, 22 kW, 440V), swimming pool heat pumps (27-104 kW), heat pump dryers, commercial tumble dryers (30-50 kg), and hybrid solar heat pump integrations. Core components are sourced from branded suppliers including Copeland, GMCC, Hitachi, Schneider, Danfoss, Grundfos, and Wilo. The company holds ISO 9001:2015 certification (expired 27/02/2024) and won the KTCC Karnataka Business Awards 2022 for Best Heat Pump Manufacturer. Revenue is generated through one-time hardware sales at quote-based pricing, with no recurring or subscription model disclosed.

The go-to-market is primarily direct sales handled by Sales Manager Pavithra KB via phone (08047633207), website enquiry forms, and the IndiaMART B2B marketplace. Distribution is domestic-only, shipped by road from the single Bengaluru manufacturing facility, with no formal dealer or distributor network. Customer segments include residential homeowners (primary), hotels and hospitals (primary commercial), commercial laundries, swimming pool operators, and food processing/agriculture operators. Documented installations span Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, and Maharashtra. The company employs 11-25 people, is founder-led by CEO Mahadev R, has no external institutional funding, and operates as a proprietorship with stated annual turnover in the 25-100 Cr INR range.

Name

Neo Heat pump

Legal name

Sai Heating And Cooling Solutions

Website

https://neoheatpump.in

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Neo Heat Pump (Sai Heating And Cooling Solutions) is a Bengaluru-based manufacturer of heat pump-based water heaters, swimming pool heaters, and industrial dryers serving residential, hospitality, and industrial customers across southern and western India.

Ownership category

akta.pro rank

Product category

Heat Pump Manufacturing and HVAC Equipment

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Heating Equipment, Except Electric & Warm Air Furnaces (3433)

akta.pro primary industry

Heat Pumps (Air/Water/Ground Source) (IMAHAKAF)

akta.pro secondary industries

Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC), Heat Pump Repair & Maintenance (HSAOAHAD)

Keywords

• Heat pump water heaters
• Air source heat pumps
• Swimming pool heat pumps
• Heat pump dryers
• Industrial heat pump systems

Headquarters

HQ city

Bengaluru (Bangalore)

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Heat Pump Hardware Sales: One-time sale of manufactured heat pump products including water heaters, air source heat pumps, swimming pool heat pumps, heat pump dryers, tumble dryers, and industrial heat pump systems. Products are sold at per-unit prices with quote-based pricing. No recurring revenue streams are disclosed.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Neo Heat Pump manufactures heat pump-based heating and drying systems at its Bengaluru facility. Core products include air source heat pumps, heat pump water heaters (domestic to industrial capacities of 100L to 2000 LPH), swimming pool heat pumps (27-104 kW), heat pump dryers for food and laundry applications, and commercial/industrial tumble dryers. The portfolio serves residential, hospitality, hospital, commercial laundry, food processing, and industrial customers across India.

Product overview

Neo Heat Pump (Sai Heating And Cooling Solutions) is a manufacturer of heat pump-based heating and drying solutions based in Bengaluru, India. The product portfolio centers on heat pump technology for water heating, pool heating, and industrial/commercial drying applications. Core offerings include Air Source Heat Pumps (domestic to industrial capacities), Heat Pump Water Heaters (250-1200 LPH), Swimming Pool Heat Pumps (27-104 kW), Heat Pump Dryers and Food Dehydrators (100-2000 LPH), and Tumble Dryers (30-50 kg). The products share a common technology foundation using heat pump原理 (reversed Carnot principle) to achieve 70-80% energy savings versus conventional heating methods. Key differentiators include Copeland/GMCC compressors, titanium heat exchangers for pools, stainless steel options for durability, and hybrid solar integration capabilities. The company operates under the Neo brand and serves domestic, commercial hotel, and industrial segments.

Differentiator

Problem solved

Functional benefit

Brands

• Neo: Manufacturing brand for heat pumps, water heaters, and related products including heat pump dryers, swimming pool heat pumps, tumble dryers, and industrial heating systems.

Products and services

• Air Source Heat Pump Air source heat pumps that transfer heat from ambient air to water, available in domestic, commercial, and industrial capacities ranging from 150 LPH to 2000 LPH heating output.
• Heat Pump Water Heater Water heating systems using heat pump technology with capacities from 250 LPH to 1200 LPH, offering 70-80% energy savings compared to conventional heating methods.
• Swimming Pool Heat Pump Heat pumps designed for swimming pool heating to enable year-round swimming, with models ranging from 27 kW to 104 kW heating capacity.
• Heat Pump Dryer Industrial and commercial dryers using heat pump technology for fruit and vegetable drying, food dehydrating, and laundry applications with capacities from 100 to 2000 LPH.
• Tumble Dryer Commercial and industrial tumble dryers with heat pump drying technology featuring low energy consumption, gentle fabric drying, and capacities of 30-50 kg.
• Split Heat Pump Water Heater System Split-configuration heat pump water heater with 230L tank, 4 kW rated heating capacity, using R134A refrigerant and GMCC rotary compressor. Includes 2-year warranty on tank and compressor.
• SS Heat Pump Water Heater Stainless steel construction heat pump water heater with 1000L capacity, 500 LPH rated capacity, 22 kW rated power, designed for durability and corrosion resistance.
• Industrial Heat Pump Water Heater Heavy-duty industrial water heating with 1200 LPH rated capacity, 440V voltage, max temperature of 80 degrees Celsius for industrial applications.
• Hybrid Solar Heat Pump Combined solar and heat pump system for enhanced energy efficiency, with Neo 600 model offering 24 kW heating capacity and 600 LPH rated capacity.
• Domestic Heat Pump Water Heater Residential water heating solution with 100L capacity and 3kW power rating, designed for domestic household hot water needs.
• Heat Pump Hot Water System Commercial hot water system with 250 LPH capacity and 10 kW power, providing continuous hot water supply while saving 70-80% on heating costs.
• Air Source Water Heater Basic air source water heater with mild steel construction for transferring heat from ambient air to water.
• Heat Pump Water Heating System Integrated heat pump water heating systems for air source applications, designed for continuous hot water supply in domestic and commercial settings.

Quantifiable outcome

• Energy savings of 70-80% compared to traditional heating methods (electric resistance, diesel/HSD)
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Thermax Limited: Indian industrial energy and heating solutions provider with absorption chillers, boilers, and process heating equipment. Adjacent competitor in industrial hot water generation and process heating where Neo's industrial heat pump water heaters compete on energy efficiency.
• Havells India: Indian consumer electricals major with an emerging water heater and energy-efficient appliance portfolio. Some overlap with Neo's domestic heat pump water heater range; Havells has a far stronger pan-India retail distribution but limited heat pump specialization.

Broad incumbents

• Blue Star: Major Indian commercial HVAC and refrigeration manufacturer with deep commercial-channel reach. Overlaps with Neo in commercial heat pump water heating and industrial process heating; competes on large project wins in hospitality and healthcare.
• Carrier Midea India: Joint venture of Carrier Global and Midea offering commercial and residential HVAC solutions in India, including heat pump water heaters. Competes with Neo in commercial water heating installations for hotels and large facilities.
• Voltas: Leading Indian HVAC and appliance brand (Tata Group). Offers heat pump-based water heaters and commercial cooling/heating solutions; competes with Neo in Indian commercial water heating and air conditioning for hotels, hospitals, and industrial buyers.
• Daikin Air-conditioning India: India subsidiary of global HVAC leader Daikin. Directly competes in heat pump water heating, air source heat pumps, and commercial/industrial HVAC — but as part of a much broader, multi-category global portfolio. Neo's domestic and mid-market segments overlap with Daikin's India footprint.
• Hitachi Air-conditioning India: Hitachi's India HVAC arm selling air-to-water heat pumps and commercial heating solutions. Overlaps with Neo's air source heat pump range, especially in domestic and light commercial water heating.
• Mitsubishi Electric India: India arm of Mitsubishi Electric, offering Ecodan air-to-water heat pumps for residential and commercial water heating. Direct product overlap with Neo's air source heat pump water heaters but operates from a much larger global platform and brand.
• Panasonic India (Heating & Cooling): Panasonic offers Aquarea air-to-water heat pumps for Indian residential and light commercial water heating. Directly comparable technology, larger multinational scale, broader channel reach than Neo.
• LG Electronics India: LG sells heat pump water heaters and air-to-water systems in India through strong retail and dealer networks. Competes with Neo in domestic and small commercial segments; much larger brand and distribution footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/neo-heat-pump

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Neo Heat pump